White House AI and Crypto Czar David Sacks held his first crypto-focused press conference on Tuesday, outlining legislative priorities and teasing the Trump Administration’s first major stabs at regulating the novel industry: a markets structure bill and a comprehensive stablecoin bill. 

At the event, which featured key leadership from the Senate and House, Senate Banking Committee Chairman Tim Scott (R-SC) said he intends for both key crypto bills to pass votes in the Senate by the end of President Donald Trump’s first 100 days in office—a deadline less than three months away from today.

Scott added that a stablecoin bill introduced Tuesday by Sen. Bill Hagery (R-TN) is likely to advance first.

That bill, dubbed the GENIUS Act, would create a pathway to concrete legality for issuers of U.S. dollar-backed stablecoins. Stablecoins, which allow crypto users to park funds in steady on-chain tokens tied to assets like the U.S. dollar, have risen to dominance as a critical tool linking the increasingly intertwined worlds of traditional finance and digital assets. 

Among other requirements, the GENIUS Act would obligate stablecoin issuers to send out monthly audited reports on...